Tripti Lahiri

Some of the things that seem to be in consideration are things like energy. India already used to be buying quite a lot of U.S. oil. That kind of went down when it started buying more Russian oil. So that could go up, more LNG, more defense, and probably cars. There's been a dance for a long time between India and Tesla, with India saying, we really want you to set up a factory here.

Some of the things that seem to be in consideration are things like energy. India already used to be buying quite a lot of U.S. oil. That kind of went down when it started buying more Russian oil. So that could go up, more LNG, more defense, and probably cars. There's been a dance for a long time between India and Tesla, with India saying, we really want you to set up a factory here.

Tesla saying, we really want to sell there, but the duties are really high. Maybe we see those duties come down, but maybe Tesla doesn't really straightaway set up any kind of factory. So those are sorts of things that people are looking at as things that are really be discussed very seriously.

Tesla saying, we really want to sell there, but the duties are really high. Maybe we see those duties come down, but maybe Tesla doesn't really straightaway set up any kind of factory. So those are sorts of things that people are looking at as things that are really be discussed very seriously.

Yeah, I mean, in many ways, India has come a long way from where it used to be in the first decades of its independence. It had the strategy of import substitution. So the idea was that really keep everything out to the extent possible and try to get things made at home. But the issue was it didn't really work out great. There were a lot of substandard products. Things were really expensive.

Yeah, I mean, in many ways, India has come a long way from where it used to be in the first decades of its independence. It had the strategy of import substitution. So the idea was that really keep everything out to the extent possible and try to get things made at home. But the issue was it didn't really work out great. There were a lot of substandard products. Things were really expensive.

And then the companies weren't competing in the global markets for exports. And then in 1991, the Soviet Union was collapsing. And that was India's biggest trade partner. And India went through this financial crisis and it was forced to open up. And India's then finance minister said, actually, this is an opportunity for us. We really shouldn't have been doing this.

And then the companies weren't competing in the global markets for exports. And then in 1991, the Soviet Union was collapsing. And that was India's biggest trade partner. And India went through this financial crisis and it was forced to open up. And India's then finance minister said, actually, this is an opportunity for us. We really shouldn't have been doing this.

And this is really going to be very good for the country. And actually, India grew a lot since then. So tariffs went down almost as low as 12%. But then in the last decade have kind of gone up again. And average tariffs are, the US says, around 17%.

And this is really going to be very good for the country. And actually, India grew a lot since then. So tariffs went down almost as low as 12%. But then in the last decade have kind of gone up again. And average tariffs are, the US says, around 17%.

So, yeah, people here are looking at it a couple of different ways. On the one hand, they feel that having more trade, having a stronger economic relationship would bolster a sort of security and foreign policy partnership that has grown a lot over the past decade.

So, yeah, people here are looking at it a couple of different ways. On the one hand, they feel that having more trade, having a stronger economic relationship would bolster a sort of security and foreign policy partnership that has grown a lot over the past decade.

And in many ways, people have said, even Indian officials, but definitely economists and trade experts, that the heft of the U.S.-Indian economic relationship doesn't quite match the sort of promise that there is or the political partnership that there is. And over the last decade, the government has really tried to put in place incentives for boosting manufacturing.

And in many ways, people have said, even Indian officials, but definitely economists and trade experts, that the heft of the U.S.-Indian economic relationship doesn't quite match the sort of promise that there is or the political partnership that there is. And over the last decade, the government has really tried to put in place incentives for boosting manufacturing.

You know, it's been kind of a mixed record for some kinds of industries where we've seen actually a lot of apparel export. Business has gone from China to Vietnam and to Bangladesh, but not necessarily to India. But India has made great strides in smartphone assembly and really believes that now it can also go to the next tier of some of the components and other parts of the value chain.

You know, it's been kind of a mixed record for some kinds of industries where we've seen actually a lot of apparel export. Business has gone from China to Vietnam and to Bangladesh, but not necessarily to India. But India has made great strides in smartphone assembly and really believes that now it can also go to the next tier of some of the components and other parts of the value chain.

And here, if you have these double-digit tariffs on a whole range of Chinese goods, that India kind of feels like it's going to be much cheaper to buy from us. It isn't just that U.S.

And here, if you have these double-digit tariffs on a whole range of Chinese goods, that India kind of feels like it's going to be much cheaper to buy from us. It isn't just that U.S.

tariffs are giving India an opportunity with China, but they're giving India an opportunity with those economies that had taken some of the China manufacturing in recent years, basically since Trump 1.0, when there was the first set of the tariffs.

tariffs are giving India an opportunity with China, but they're giving India an opportunity with those economies that had taken some of the China manufacturing in recent years, basically since Trump 1.0, when there was the first set of the tariffs.